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Jan 18, 2013
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. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped those two and others from illegally claiming 2.5 billi 2.5 billion in last refunds last year. they are stepping up enforcement but says more needs to be done. $35 million slipped through the cracks and so the irs says it's very successful at detecting and stopping in incorrect refunds when prisoner data is available it adds there are significant challenges getting complete and consistent data from the multiple jurisdictions involved. still the agency says if committed to enhancing the process is to further minimize prisoner refund fraud. >> it is now 44 after the top o
. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped...
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Jan 19, 2013
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in terms of some of the specific proposals, dealing whether it's the job creation in manufacturing, tax reform, you know, lowering regulations, a lot of that has to do we're working with republicans and see how much the republicans are willing to sit down with the president to tackle some of the tough issues and we haven't seen much of that. >> you're right to point out there have not been recommendations from the jobs council, however we know that the jobs council mission expires at the end of the month. do you think the president should extend it and if so, what do you think of this group of business, academic and union leaders to develop for future job growth in america, to knock down that unemployment rate even more? >> kelly, i don't think that the president should extend it. >> why? >> our forefathers got it right. the recommendations, what have they done? my opponent is saying things, but still, we have 21 million people who are underemployed or unemployed. and i've talked about all of the czars and the political gestures made and our forefathers got it right and the congress is
in terms of some of the specific proposals, dealing whether it's the job creation in manufacturing, tax reform, you know, lowering regulations, a lot of that has to do we're working with republicans and see how much the republicans are willing to sit down with the president to tackle some of the tough issues and we haven't seen much of that. >> you're right to point out there have not been recommendations from the jobs council, however we know that the jobs council mission expires at the...
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Jan 17, 2013
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be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's
be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of...
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Jan 19, 2013
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people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday expenses. one of the things to think about is, and i know arthel, this isn't the greatest thing, but maybe a second part-time job. maybe one thing rather than tapping into that, you can earn extra income if you have the ability to do that. another way to do this potentially is if you have a strong credit score and you have some equity in your home, you could take out a home equity line of credit and write off the interest payments. interest rates are very low at this current time. so you can take advantage of the fact that they are low when borrowing against your home, if you have equity in your home. i
people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday...
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Jan 17, 2013
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taxes were set to go up by law on january 1. some house republicans said they didn't block it for everyone and they could prevail. speaker boehner brought forth blocking increase for everyone but millionaires, they balked. what passed later is something conservatives like less. they opposed that, too and they lost. some republicans are saying they have more leverage now to force spending cuts. maybe they do. but they will need to be smart about how they use it. with the senate, the white house and most of the press againstbe them, they should not expect a fair fight. >> bret: paul ryan said they need to be careful and remember what you are saying here. you had other members like congresswoman kathy mcmorris rogers in leadership saying you do need to shut down the government and make a stand. >> if the lessons of the 1990s when the republicans took control of the house tell you anything you shouldn't talk about how you are okay with shutting down the government. i said this before. people tell pollsters they want the government c
taxes were set to go up by law on january 1. some house republicans said they didn't block it for everyone and they could prevail. speaker boehner brought forth blocking increase for everyone but millionaires, they balked. what passed later is something conservatives like less. they opposed that, too and they lost. some republicans are saying they have more leverage now to force spending cuts. maybe they do. but they will need to be smart about how they use it. with the senate, the white house...
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Jan 17, 2013
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here is what they know, they have to have something on offer, because they got creamed on the tax issue, nothing on offer, no chips in the game. they had extension of tax rates, but they weren't passing anything, sitting around and pounding the table and weren't saying this is what we have. now it's up to john boehner and his team to coax out of this conference, who is very skeptical of him because of the deal he did on the tax rates and they look at him askance and what do you want to do, obamacare, the health care law and other things that might include giving the president a debt ceiling increase until the end of his term if he's willing to agree in big changes in entitlement programs. they've got to come up with something. >> megyn: they have to come up with a game plan. we saw with the fiscal cliff negotiations the end of the year they were divided and boehner couldn't sort of corral his house republicans to be on the same page and so now he's trying to do that and to get reelected speaker, he says i'm going to listen to you, i'll be your choice. now, the question, chris, whether y
here is what they know, they have to have something on offer, because they got creamed on the tax issue, nothing on offer, no chips in the game. they had extension of tax rates, but they weren't passing anything, sitting around and pounding the table and weren't saying this is what we have. now it's up to john boehner and his team to coax out of this conference, who is very skeptical of him because of the deal he did on the tax rates and they look at him askance and what do you want to do,...
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Jan 18, 2013
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before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s. taxpayers to do work here in the united states. but isn't the goal here to basically spur on growth of american companies. create american jobs? sure. bill: i agree with you. that is what we thought it was for though. >> we did. bill: what that shows you this white house was dead set on pursuing a green energy policy. and they did it through a stimulus that we thought was going for something else. >> at all costs too. basically they're taking our hard-earned money at a time when we're running, about, how much trillions of dollars we're in debt right now? you're taking money to
before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s....
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Jan 18, 2013
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say the president learned a lesson from previous battles with congress over issues like the payroll tax cut. other issues like student loan rates that were going to go up. he went out to the american people, made his case and put pressure on congress in the end won on those battles, bill. >> bill: as you know you have been reporting on republicans who seem intent on the president and vice president. some of his biggest battles may be by democrats. >> this will be decided by swing votes. joe manchin in west virginia. right after newtown he suggested that he was going to flip on this. open to gun control, maybe supporting an assault weapons ban. this week joe manchin is pouring cold water on that and seems to be back pedaling. al franken is up for re-election. today he put out statement saying in principle he supports a ban on assault weapons but didn't say he supports legislation to do that. what the fear is i'm told by one top democratic senator an assault weapons ban suggests the president is taking weapons away that plays into republican arguments like marco rubio who said this today
say the president learned a lesson from previous battles with congress over issues like the payroll tax cut. other issues like student loan rates that were going to go up. he went out to the american people, made his case and put pressure on congress in the end won on those battles, bill. >> bill: as you know you have been reporting on republicans who seem intent on the president and vice president. some of his biggest battles may be by democrats. >> this will be decided by swing...
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Jan 17, 2013
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art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going forward. the one i love, bill, if you look at "the wall street journal" today they have barack obama's speech before the senate when bush was president. and how he was going to vote against raising the debt ceiling and he made this beautiful speech, all of which is perfectly correct. it just now he is on the opposite side of the equation. it is a silly argument. bill: he went on to explain as he has see things differently as senator than president in the white house. >> of course you do. >> some conservatives argue this. i want to get your feeling on this. focus on
art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: new information now on the number of flu cases across the country. the centers for disease control and prevention releasing new stats showing a number of states that seeing widespread flu just went up. jonathan serrie live in atlanta. so what do the numbers tell us, jonathan? >> reporter: well, jon, the latest numbers suggest this is shaping up to be a bad flu season particularly for the elderly. cdc officials tell fox news hospitalization rates for persons 65 years of age and older increased significantly over the past week, and there were nine pediatric deaths during that same time period, bringing total pediatric deaths, at least the official cdc count to 29. 48 states are now reporting widespread flu activity, up from 47 the previous week. while flu activity continues to decrease in some parts of the south, it continues to increase in other parts of the country, especially out
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: new information now on the number of flu cases across the country. the centers for disease control and prevention releasing new stats showing a number of states that seeing widespread flu just went up. jonathan serrie live in atlanta. so what do the numbers tell us, jonathan? >>...
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Jan 19, 2013
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. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of questionable government spending as president obama prepares for his second term has a lot of work ahead of him to cut wasteful spending and bring the debt under control. a new fox poll finds more than eight out of ten americans believe government spending is out of control. so what can we expect to see in the next four years. let's written bri in jamie whining o weinstein. so eight out of ten americans say we spend too much but up from 2010, 62% from 2009, regardless people think we spend too much. if you break that apart further, almost all republicans and independents and two-thirds of democrats they all agree, government spending is
. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of...
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Jan 18, 2013
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>>gretchen: the president putting his campaign staff back to work as a tax-exempt group. we'll explain coming up. >>brian: the dad had one condition. if the kids wanted a puppy, get this, the kids won. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. pillows that adjust for cradling comfort. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort ... individualized. save $500 on our special edition bed set. plus, 48-month financing on all beds. now a
>>gretchen: the president putting his campaign staff back to work as a tax-exempt group. we'll explain coming up. >>brian: the dad had one condition. if the kids wanted a puppy, get this, the kids won. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally...